Other things being equal, a change in the price level will change the amount of aggregate spending and therefore change the amount of _______________
Fill in the blank(s) with the appropriate word(s).
real domestic product
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What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?
A) $120 B) $200 C) $400 D) $100
If the disposable income decreases, then
A) the demand for loanable funds increases. B) the quantity of loanable funds demanded increases. C) the supply of loanable funds increases. D) the quantity of loanable funds supplied decreases. E) the supply of loanable funds decreases.
Interest differentials cause exchange rate changes
Indicate whether the statement is true or false
Large fluctuations in money supply growth and smaller fluctuations in the federal funds rate between October 1982 and the early 1990s indicate that the Fed had shifted to ________ as an operating target
A) borrowed reserves B) nonborrowed reserves C) excess reserves D) required reserves